January 2019

2018 Sales by the Numbers:

2017

2018

Hotel Condo

89

80

Condo

135

128

Townhouse

139

94

Half-Duplex

33

34

Single Family

98

85

Building Lots

11

13

TOTAL

506

435

Breakdown by Property Type:

Hotel Condos

A total of 80 Hotel Condos changed hands on MLS in 2018 accounting for 18.4% of the total resale real estate market which, is an amazing feat given that traditional financing does not apply on these types of properties. With that in mind, buyers have few options other than using entirely their own funds or a combination of cash plus a line-of-credit. Very few of these condos are kept as primary